CVE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CVE
Largest movements
- Cash +€86,443
up €86,443 (+109.0%), from €79,290 to €165,733
mainly Net result for the year (+€67,633) and Receivables within one year (+€17,383)
- Receivables within one year -€17,383
down €17,383 (-90.2%), from €19,265 to €1,881
- Tangible fixed assets -€10,246
down €10,246 (-24.6%), from €41,732 to €31,486
of which Furniture and vehicles: -€10,107
- Profit (loss) carried forward +€66,800
up €66,800 (+107.1%), from €62,385 to €129,185
- Debts after one year -€10,950
down €10,950 (-62.4%), from €17,551 to €6,602
- Other debts +€2,857
up €2,857 (+16.7%), from €17,141 to €19,998
- Gross operating margin +€6,761
up €6,761 (+7.2%), from €93,551 to €100,312
- Taxes +€1,097
up €1,097 (+6.5%), from €16,916 to €18,013
- Financial charges +€1,019
up €1,019 (+68.1%), from €1,497 to €2,516
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,122 | €200,315 | +€59,193 | +41.9% |
| Fixed assets | 21/28 | €41,841 | €31,595 | -€10,246 | -24.5% |
| Tangible fixed assets | 22/27 | €41,732 | €31,486 | -€10,246 | -24.6% |
| Furniture and vehicles | 24 | €41,198 | €31,091 | -€10,107 | -24.5% |
| Other tangible fixed assets | 26 | €533 | €395 | -€138 | -25.9% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €99,281 | €168,719 | +€69,438 | +69.9% |
| Amounts receivable within one year | 40/41 | €19,265 | €1,881 | -€17,383 | -90.2% |
| Trade receivables | 40 | €19,265 | €1,881 | -€17,383 | -90.2% |
| Cash at bank and in hand | 54/58 | €79,290 | €165,733 | +€86,443 | +109.0% |
| Deferred charges and accrued income | 490/1 | €726 | €1,105 | +€379 | +52.2% |
| Total equity and liabilities | 10/49 | €141,122 | €200,315 | +€59,193 | +41.9% |
| Equity | 10/15 | €77,972 | €144,772 | +€66,800 | +85.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,587 | €13,587 | = | 0.0% |
| Distributable reserves | 133 | €13,587 | €13,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,385 | €129,185 | +€66,800 | +107.1% |
| Amounts payable | 17/49 | €63,150 | €55,543 | -€7,608 | -12.0% |
| Amounts payable after more than one year | 17 | €17,551 | €6,602 | -€10,950 | -62.4% |
| Financial debts | 170/4 | €17,551 | €6,602 | -€10,950 | -62.4% |
| Amounts payable within one year | 42/48 | €45,550 | €47,539 | +€1,989 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €10,501 | €10,950 | +€448 | +4.3% |
| Trade debts | 44 | €926 | €1,513 | +€587 | +63.4% |
| Suppliers | 440/4 | €926 | €1,513 | +€587 | +63.4% |
| Taxes, remuneration and social security | 45 | €16,982 | €15,078 | -€1,903 | -11.2% |
| Taxes | 450/3 | €16,982 | €15,078 | -€1,903 | -11.2% |
| Other amounts payable | 47/48 | €17,141 | €19,998 | +€2,857 | +16.7% |
| Accrued charges and deferred income | 492/3 | €50 | €1,402 | +€1,353 | +2731.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,675 | €11,706 | +€31 | +0.3% |
| Other operating charges | 640/8 | €278 | €446 | +€167 | +60.0% |
| Gross operating margin | 9900 | €93,551 | €100,312 | +€6,761 | +7.2% |
| Operating profit (loss) | 9901 | €81,598 | €88,161 | +€6,563 | +8.0% |
| Financial income | 75/76B | €1 | €2 | +€1 | +207.7% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +207.7% |
| Financial charges | 65/66B | €1,497 | €2,516 | +€1,019 | +68.1% |
| Recurring financial charges | 65 | €1,497 | €2,516 | +€1,019 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €80,101 | €85,646 | +€5,545 | +6.9% |
| Income taxes | 67/77 | €16,916 | €18,013 | +€1,097 | +6.5% |
| Profit (loss) for the period | 9904 | €63,185 | €67,633 | +€4,448 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,185 | €67,633 | +€4,448 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.